Report
Research Team

Turkey - REIC - Emlak Konut (EKGYO) and Torunlar (TRGYO) Net Asset Value Discounts

Turkey - REIC - Emlak Konut (EKGYO) and Torunlar (TRGYO) Net Asset Value Discounts

According to the last closing on September 17th, 2021;

·EKGYO NAV discount has been 55%, and for TRGYO it has been 59% vs. the sector average of 18%.

·EKGYOs and TRGYOs historic NAV discount median stand at 48% and 61% respectively.
Underlyings
Emlak Konut Gayrimenkul Yatirim Ortakligi AS

Emlak Konut Gayrimenkul Yatirim Ortakligi AS (Emlak Konut) is a Turkey-based real estate investment trust. It is engaged in coordinating and executing real estate property projects mostly housing, besides, commercial units, educational units, social facilities, and all related aspects, controlling and building audit services of the ongoing projects, marketing and selling the finished housing. The ultimate parent and ultimate controlling party of the Company is T.C. Basbakanlik Toplu Konut Idaresi Baskanligi (the Housing Development Administration of Turkey, TOKI). The Company's projects include Agaoglu My Towerland, Alemdag Emlak Konutlari, Varyap Meridian, Mavisehir Modern, Spradon Quartz and Gebze Emlak Konutlari.

Torunlar Gayrimenkul Yatirim Ortakligi

Provider
Raiffeisen Centrobank
Raiffeisen Centrobank

Raiffeisen Centrobank (RCB) is a leading investment bank in Austria and the CEE region and the competence center for equities of the Raiffeisen Banking Group. The bank covers the entire spectrum of services and products around equities, derivatives and equity capital transactions and is a pioneer and market leader in the field of structured products.

RCB Company Research offers you access to in-depth equity research and the latest news on listed Austrian and CEE companies. The research universe comprises roughly 130 stocks from Austria, CEE and Russia. The Company Research team of RCB consists of roughly 20 analysts, both in Vienna and the CEE countries. Our analysts provide long-standing sector expertise in tandem with profound local market know how and a sectoral approach across the entire region.

 

Analysts
Research Team

Other Reports on these Companies
Other Reports from Raiffeisen Centrobank

ResearchPool Subscriptions

Get the most out of your insights

Get in touch